Word: iras
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Perhaps Kerrey's most controversial proposal was to cut the employee's half of the Social Security payroll tax by 1.5 percentage points, to 4.7%, and to require workers to save that money in an IRA-style plan -- an idea immediately attacked by the elderly lobby as undermining the tax base of Social Security. The move was spurred by focus-group discussions conducted for the commission last summer. According to the results, which TIME has obtained, the Americans ages 20 to 50 in the focus groups said they had no confidence they would get their money back from Social Security...
...annually. (That's more restrictive than House Democratic Leader Richard Gephardt's $75,000 limit and the GOP's proposed $200,000 ceiling.) Third, Clinton would allow families earning $100,000 or less to place up to $2,000 a year in an Individual Retirement Account (IRA) -- with the new provision that the money could be withdrawn for educational and other family-related purposes without paying taxes. Finally, he promised to rechannel some federal funds into direct grants for job-training.Payment for all this, as predicted, would come from steep budget cuts at the department of Energy, Transportation and Housing...
...Bruton, leader of the Fine Gael party and the new P.M., is on the record as supporting the peace process that's been underway since September when the Irish Republican Army declared a ceasefire. Still, he has criticized the quick pace with which his predecessor, Albert Reynolds, embraced the IRA. Reynolds lost his seat in a scandal last month over the extradition of an alleged child-abusing Roman Catholic priest. Bruton was elected to head his country in an 85-74 vote. He now heads a government formed with the support of a coalition of three parties...
...Carol Rasco, the President's top in-house economic and domestic-policy advisers. White House officials, however, insist that the downgrading and reshuffling of the agenda does not reflect badly on Mrs. Clinton. As a senior official explained last week, Panetta's decision "was less about Hillary than Ira," as in Ira Magaziner, the aide who masterminded the Clinton plan and whose manner alienated potential allies on Capitol Hill. Today the First Lady acknowledges that any reform that might emerge from the new Congress must take an "incremental approach" -- the kind of change proposed by Republicans as a counter...
...week with their erstwhile mortal enemies -- the leaders of Sinn Fein, the British government announced today. The announcement, a major step in Ireland's peace process, comes three months after theIRA declared a cease fire. It represents a change of heart for the British, who have insisted that the IRA state clearly that it is permanently laying down its arms -- something Sinn Fein leader Gerry Adams has refused...